Trip.com Group Limited reported second-quarter 2026 net revenue of RMB15.7 billion, up 6% year over year, alongside a RMB5.2 billion antimonopoly penalty recognized in general and administrative expenses. Revenue on its international platform increased more than 50%, a bright spot against slower group growth, while accommodation revenue grew 6% year over year despite a regulator-imposed revenue reduction. Transportation ticketing revenue came in at RMB5.4 billion, down 1% year over year, which management attributed primarily to elevated energy prices and geopolitical volatility. Sales and marketing expenses rose 15%, faster than total revenue, leaving the company to show that international expansion can generate enough profitable growth to offset pressure on domestic monetization. Insider Monkey's database showed 28 hedge funds holding the stock at the end of 2Q2026, down from 38 funds three months earlier.
Trip.com Group LtdInternational platform revenue rose more than 50%, showing overseas customer demand offsetting slower domestic growth
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